UniCredit Bank Czech Republic and Slovakia would like to remind you of the importance of providing a Certificate of Tax Residence (for each calendar year) and a Declaration of Beneficial Ownership (one-time document) per each beneficial owner in order to benefit from reduced tax rates.
The Certificate of Tax Residence must be an original, with a wet ink signature and a stamp to be accepted in the local market. Notarized copies of such documents can be made and used throughout the year for multiple payments and tax reclaims.
Regarding documents with an electronic (printed) signature and stamp only, we cannot guarantee their acceptance and need to receive a new document per each payment. This can be solved by providing such documents with further authentication (Notarization, Apostille) from the country of issuance.
Both a Certificate of Tax Residence and a Declaration of Beneficial Ownership are required in order to apply for the correct tax rates for the beneficial owners in accordance with their tax residence and relevant treaties.
Impact on investors: Investors will benefit from reduced taxed rates when they provide the required documents